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Circulars

Revision in Proforma & Reporting of Bank / Branch details under CISBI

October 11, 2019 1464 Views 0 comment Print

Consistent with the needs of branch licencing and financial inclusion policies as well as the need for requisite coverage of additional dimensions / features, a new reporting system, viz., Central Information System for Banking Infrastructure (CISBI) (https://cisbi.rbi.org.in), has been web-deployed to replace the legacy MOF system.

Framework for issue of Depository Receipts

October 10, 2019 1902 Views 0 comment Print

Listed Company is in compliance with the requirements prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any amendments thereof.

Option to pay under PTRC & PTEC together in Maharashtra

October 7, 2019 79314 Views 3 comments Print

As a step forward towards Ease of Doing Business initiative, MGSTD has now introduced facility to make payment of PTRC and PTEC in single screen through its web-site. This facility is optional.

Expanding and Deepening of Digital Payments Ecosystem

October 7, 2019 1062 Views 0 comment Print

With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/ UT Level Bankers Committees (SLBCs/ UTLBCs) shall identify one district in their respective States/ UTs on a pilot basis in consultation with banks and stakeholders.

Dealer support system help desk system for MVAT Tax Payer

October 5, 2019 20529 Views 1 comment Print

Maharashtra Goods and Services Tax Department is providing various e-services viz. e-registration, e-return filing, e-payment of tax, etc. While availing such e-services, dealer may sometimes face problems with respect to processes and/or procedures for availing e-services.

RBI reduces Reverse Repo rate to 4.90 Percent

October 4, 2019 624 Views 0 comment Print

As announced in the Fourth Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.40 per cent to 5.15 per cent with immediate effect. 2. Consequently, the Reverse Repo rate under the LAF stands adjusted to 4.90 per cent with immediate effect.

IRDA directions on Preparation of Financial Statements by Life Insurers

October 4, 2019 7344 Views 0 comment Print

In order to bring further uniformity, comparability and fair presentation of financial position in the Financial Statements filed by the insurers, Insurance Regulatory and Development Authority issues the following directions. Insurance Regulatory and Development Authority CIRCULAR Ref No: IRDA/F&A/CIR/MISC/184/10/2019 Date: 4th October, 2019 To, The CMDs/CEOs All Life Insurance Companies Sub : Preparation of Financial Statements […]

DGFT clarifies on Steel Import Monitoring System

October 4, 2019 18945 Views 4 comments Print

Can steel and steel parts be imported through airfreight without SIMS registration? Response: There is no restriction on mode of transport but SIMS will not be applicable on air freighted goods as this mode is used for emergency/small volume -high value goods required at short notice.

CBDT clarification on MAT Credit on exercise of section 115BAA option

October 2, 2019 33771 Views 0 comment Print

Representations have been received from the stakeholders seeking clarification on following issues relating to exercise of option under section 115BAA: (a) Allowability of brought forward loss on account of additional depreciation; and (b) Allowability of brought forward MAT credit.

Amendment to the Maharashtra Value Added Tax Rules, 2005

October 1, 2019 3450 Views 0 comment Print

(i) A registered dealer whose tax liability during the previous year had not exceeded rupees twenty five thousand, shall file Annual Return within twenty one days from the end of the year to which such return relates.

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